Streamlining your investments as you approach retirement makes sense. Reorienting your portfolio from growth-focused, higher-risk assets to income-producing, defensive holdings is common. As is reducing the number of investments you have in order to make it easier to monitor.
What constitutes simple will vary from person to person, however. For some, it will mean buying an annuity; for others, it might entail a switch to using tracker funds. Working out the best for you will allow you to enjoy your retirement in full.
James, 70, and his wife Beth, 64, are mulling over this proposition. He plans to retire from his £105,000-a-year role in the near future, potentially within a year. So, he would like to prepare his portfolio for this transition.